Product Code: ETC4512025 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India wood plastic composite market import shipment demonstrated robust growth with a notable CAGR from 2020 to 2024. The acceleration in growth rate between 2023 and 2024 signals increasing market momentum. The market expanded significantly over the period, indicating a strong upward trend.
The India Wood Plastic Composite market combines wood fibers with plastic to create a versatile material used in construction, furniture, and outdoor applications. With increasing environmental concerns and the desire for sustainable building materials, wood plastic composites have gained popularity in India construction and design industries.
The India wood plastic composite (WPC) market is experiencing growth as the construction and infrastructure sectors increasingly seek eco-friendly and sustainable building materials. WPCs, which combine wood fibers and plastic, offer the aesthetics of wood with the durability and low maintenance of plastic. This material is being used in a wide range of applications, including decking, fencing, and interior and exterior building components. The market is also influenced by environmental considerations, as WPCs can reduce the reliance on traditional timber and help in conserving forests. The demand for innovative and durable building materials, especially in residential and commercial construction, is a significant driver of this market.
The wood plastic composite market faces challenges concerning the durability and performance of these materials in the India climate. Maintaining the desired balance between wood and plastic in composite products while meeting consumer expectations for aesthetics, cost, and eco-friendliness can be complex. Additionally, educating consumers and industries about the advantages of wood plastic composites is vital.
The COVID-19 pandemic had a mixed impact on the India Wood Plastic Composite (WPC) market. On one hand, the demand for WPC materials saw a decline during the initial lockdowns due to disruptions in construction and manufacturing activities. However, as restrictions eased and people spent more time at home, there was a renewed interest in outdoor living spaces and home improvement projects, leading to a recovery in the market.
Key players in the India wood plastic composite market include Beologic, Axion International, Inc, Advanced Environmental Recycling Technologies, Inc, Trex Company, Inc, and CertainTeed Corporation.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Wood Plastic Composite Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Wood Plastic Composite Market Revenues & Volume, 2021 & 2031F |
3.3 India Wood Plastic Composite Market - Industry Life Cycle |
3.4 India Wood Plastic Composite Market - Porter's Five Forces |
3.5 India Wood Plastic Composite Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Wood Plastic Composite Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Wood Plastic Composite Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for eco-friendly and sustainable construction materials |
4.2.2 Growing construction industry in India |
4.2.3 Government initiatives promoting the use of wood plastic composites in construction projects |
4.3 Market Restraints |
4.3.1 High initial investment costs for setting up manufacturing facilities |
4.3.2 Lack of awareness about the benefits of wood plastic composites among consumers |
4.3.3 Fluctuating prices of raw materials |
5 India Wood Plastic Composite Market Trends |
6 India Wood Plastic Composite Market, By Types |
6.1 India Wood Plastic Composite Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Wood Plastic Composite Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Wood Plastic Composite Market Revenues & Volume, By Polyethylene, 2021-2031F |
6.1.4 India Wood Plastic Composite Market Revenues & Volume, By Polyvinylchloride, 2021-2031F |
6.1.5 India Wood Plastic Composite Market Revenues & Volume, By Polypropylene, 2021-2031F |
6.1.6 India Wood Plastic Composite Market Revenues & Volume, By Others, 2021-2031F |
6.2 India Wood Plastic Composite Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Wood Plastic Composite Market Revenues & Volume, By Building & Construction Products, 2021-2031F |
6.2.3 India Wood Plastic Composite Market Revenues & Volume, By Automotive Components, 2021-2031F |
6.2.4 India Wood Plastic Composite Market Revenues & Volume, By Industrial & Consumer Goods, 2021-2031F |
6.2.5 India Wood Plastic Composite Market Revenues & Volume, By Others, 2021-2031F |
7 India Wood Plastic Composite Market Import-Export Trade Statistics |
7.1 India Wood Plastic Composite Market Export to Major Countries |
7.2 India Wood Plastic Composite Market Imports from Major Countries |
8 India Wood Plastic Composite Market Key Performance Indicators |
8.1 Percentage of construction projects using wood plastic composites |
8.2 Number of government projects incorporating wood plastic composites |
8.3 Rate of adoption of wood plastic composites in different industries |
9 India Wood Plastic Composite Market - Opportunity Assessment |
9.1 India Wood Plastic Composite Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Wood Plastic Composite Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Wood Plastic Composite Market - Competitive Landscape |
10.1 India Wood Plastic Composite Market Revenue Share, By Companies, 2024 |
10.2 India Wood Plastic Composite Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |